Warehouse Space with Loading
500 E 8th Street 19, Holland, MI 49423
For Sale
Contact for pricing
Configured for warehousing with new LED lighting and convenient access to nearby commercial services.
Property Size24,000 SF
Days on Market52
Property Features for 500 E 8th Street 19
General Information
Standard status
Size
Additional Details
Highway Access
Amenities
New LED lighting
2 docks
Listing Agency:
Lakeshore Commercial Real Estate
(616) 394-4500
Listed By:
James Edewaard · License MI #6501249802
(616) 403-6131
Source:
Jimdehaan
Added: Sep 22
Changed: Nov 3
Last Checked: Nov 10 at 8:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lakeshore Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Hart & Cooley building offers 24,000 SF of warehouse space configured for warehousing operations. The facility features 12' ceilings, 2 loading docks, and new LED lighting, providing a practical setup for storage and distribution needs.
The property is located at 500 E 8th Street in Holland, just west of US-31. Surrounding amenities include businesses, shops, restaurants, and major retailers such as Menards and Meijer, providing access to a broad range of commercial services.
The property is located at 500 E 8th Street in Holland, just west of US-31. Surrounding amenities include businesses, shops, restaurants, and major retailers such as Menards and Meijer, providing access to a broad range of commercial services.
Key Highlights
- 24,000 SF of warehouse space
- 12' ceilings
- 2 loading docks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$404,067
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,081,340
$8.1M
Cap Rate 7%
$5,772,386
$5.8M
Cap Rate 9%
$4,489,633
$4.5M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$518.4K $21.60/SF
− Vacancy
−$43.0K −$1.79/SF
EGI
$475.4K $19.81/SF
− OpEx
−$71.3K −$2.97/SF
NOI
$404.1K $16.84/SF
Area
Ottawa County, MI
Vacancy
8.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,081,340
Cap Rate 7%
$5,772,386
Cap Rate 9%
$4,489,633
Alternative Uses
Best Use
Warehouse
$5.77M
$5.05M – $6.73M
NOI $404,067 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49423, MI
46,870
Population
19,019
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
77.9 sq mi
ZIP Area
602
Density / Sq Mi
$78,524
Median Household Income
$36,643
Median Earnings
$1,143
Median Rent
$254,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Holland, MI
Properties on Market for Warehouses in Holland
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Menards Self Storage Holland — 560 E 16th St, Holland, MI 49423
- The Storehaus Co. — 500 E 8th St STE 1000, Holland, MI 49423
Frequently Asked Questions
What type of property is this?
Warehouse - Configured for warehousing with new LED lighting and convenient access to nearby commercial services.
Where is this warehouse located?
The property is located at 500 E 8th Street 19 Holland, MI.
What are key features of this property?
This property features: 24,000 SF of warehouse space; 12' ceilings; 2 loading docks
